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Bankless

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Unraveling FTX: Ethics and Mismanagement

This chapter explores the ethical dilemmas and financial mismanagement associated with FTX and its founder, highlighting critical admissions about public relations strategies and the disconnect between corporate culture and regulatory standards. Through discussions on the chaotic internal practices and questionable financial decisions, the chapter critiques the venture capital firms and personal regrets surrounding the crypto market downturn. The harsh realities of bankruptcy and operational failures reveal a dire need for accountability in the financial realm.

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